Pidilite Industries Sees Surge in Open Interest Amid Increased Trading Activity
Pidilite Industries Ltd has seen a notable rise in open interest, reaching 28,359 contracts, alongside a trading volume of 15,589 contracts. Despite a slight decline in price performance, the stock remains above several moving averages. The company holds a market capitalization of Rs 1,44,250 crore in the FMCG sector.
Pidilite Industries Ltd (PIDILITIND) has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 28,359 contracts, up from the previous 24,560 contracts, marking a change of 3,799 contracts or a 15.47% increase. The trading volume for the day reached 15,589 contracts, contributing to a total futures value of approximately Rs 58,823.65 lakhs.In terms of price performance, Pidilite Industries has underperformed its sector by 0.54%, with a slight decline of 0.31% over the past two days. The stock's current price is positioned above its 5-day, 20-day, and 50-day moving averages, yet it remains below the 100-day and 200-day moving averages. Additionally, the stock has seen a decrease in delivery volume, which fell by 17.14% compared to the 5-day average, indicating a decline in investor participation.
With a market capitalization of Rs 1,44,250 crore, Pidilite Industries continues to be a notable player in the FMCG sector. The recent surge in open interest highlights a shift in market dynamics, warranting attention from market participants.
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